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Allen Matkins

What Happens When The Corporation Can't Legally Pay Dissenting Shares?

Allen Matkins on

Chapter 5 of the California General Corporation Law limits when a California corporation may make a distribution to its shareholders.   Because Section 166 of the Corporations Code defines "distribution to its shareholders"...more

Holland & Knight LLP

Indiana Court Holds that Marketability and Control Discounts Cannot Apply in Minority-to-Majority Sale

Holland & Knight LLP on

The Foregoing - In March 2018, Blake B. Hartman, a founder of BigInch Fabricators & Construction Holding Company, was involuntarily terminated as an director and officer. The involuntary termination triggered the...more

Bennett Jones LLP

Court Confirms Right to Claim Interim Payment in Exercise of Dissent Rights

Bennett Jones LLP on

The Alberta Court of Appeal has confirmed that dissenting shareholders to a plan of arrangement may receive an interim payment for their shares while fair value of those shares is being determined by the courts. In Brookdale...more

Morrison & Foerster LLP

Amending California's dissenters' rights statute

Originally published in the Daily Journal on December 21, 2012. On Sept. 23 Gov. Jerry Brown signed Assembly Bill 1680 into law. AB 1680 amends California's dissenters' rights statute by (i) eliminating dissenters rights...more

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